Hello and welcome to News BTC’s Market Outlook October 5.
DASH/USD
DASH rallied significantly during the trading session on Wednesday, reaching as high as $320. The market looks as if it is ready to continue going higher, and the dips will be bought. The action so far for the Wednesday trading session has been very encouraging, it looks as if a reversal is underway.
LTC/USD
Litecoin on the other hand did almost nothing. $53 acted as resistance, and we rolled right back over. I believe we are trying to build a bit of a base, but I do recognize there’s a lot of support just below so I’m not interested in selling. If anything, I would be building up a larger position over time as we await more bullish sentiment.
Thanks for watching, I’ll be back tomorrow.